Roman Catholic Communications Corporation of the Bay Area

Analysis

Roman Catholic Communications Corporation of the Bay Area is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Roman Catholic Communications Corporation of the Bay Area reported income of $7.3m and spending of $7.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $7.3m (+15%), an average of +3.5% a year. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Roman Catholic Communications Corporation of the Bay Area sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include International Christian Embassy Jerusalem ($7.3m), Magen Abraham Yeshiva Inc ($7.3m) and Lutheran Bible Translators Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 20% of the total. Compensation of current officers, directors and key employees was $244k (3.5% of expenses). Other salaries and wages came to $177k. At year end it held assets of $20.2m against liabilities of $8.3m, net assets of $11.9m. It reported 3 employees.